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Macau gross gaming revenue for May comes in at MOP$20.2 billion (US$2.52 billion), up 29.7 percent yoy

by Andrew W Scott

Sat 1 Jun 2024 at 12:58

Macau gross gaming revenue for May comes in at MOP$20.2 billion (US$2.52 billion), up 29.7 percent yoy

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Macau’s gross gaming revenue in May was MOP$20.2 billion (US$2.52 billion), a 29.7 percent increase on May 2023, and an 8.9% sequential increase from last month. This represents the highest monthly GGR since the COVID-19 pandemic started in February 2020.

The May GGR represents an average daily gaming revenue of MOP$651 million (US$81.4 million). However, gaming revenue remained 22.3% below the pre-pandemic May 2019 figure of MOP$26.0 billion (US$3.2 billion).

Macau’s gross gaming revenue for May was in line with expectations, with Seaport Research Partners earlier raising its estimate for Macau’s May gross gaming revenue (GGR) to MOP$20 billion, mainly due to a stronger-than-expected start to the Golden Week holiday in May.

Citi also raised its forecast for May’s gross gaming revenue, predicting that Macau’s gaming revenue would hit a new post-quarantine high this month.

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Tags: Gaming Inspection and Coordination Bureau gross gaming revenue Macau May

Andrew W Scott

Born in Australia, Andrew is a gaming industry expert and media publisher, commentator and journalist who moved to Hong Kong in 2005 and then Macau in 2009, when he founded O MEDIA, one of Macau’s largest media companies, former parent company of Inside Asian Gaming (IAG). Both O MEDIA and IAG were merged with US-based gaming media brand CDC Gaming on 1 January 2025, under new corporate parent Complete Media Group (CMG).

Andrew was appointed CEO of Complete Media Group upon the merger. CMG is now the parent of three gaming media brands: Inside Asian Gaming (focusing on land-based gaming in the Asia-Pacific region), CDC Gaming (focusing on land-based gaming in the Americas), and Complete iGaming (focusing on online gaming in the Americas and APAC).

Andrew continues to be Vice Chairman and CEO of IAG and now-sister company O MEDIA.

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